(1) A collective investment scheme constituted in another EEA State is a recognised scheme if—
(a) it satisfies such requirements as are prescribed for the purposes of this section; . . .
[(b) the home state regulator of the operator of the scheme has transmitted to the [FCA] notice of the operator's intention to invite persons in the United Kingdom to participate in the scheme; and
(c) the notice from the home state regulator—
(i) complies with the requirements of any directly applicable Community regulation or decision made under the UCITS directive, and
(ii) is accompanied by such other information as may be prescribed].
(2) . . .
(3) . . .
(4) . . .
(5) For the purposes of this section a collective investment scheme is constituted in another EEA State [(“the home state”)] if—
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